What factors should I consider when building a day trading watchlist for digital currencies?

1 answers

• Haykal Fikri Hardi-063Oct 16, 2022 · 3 years ago
  When building a day trading watchlist for digital currencies, one important factor to consider is the market capitalization of the coins. Coins with higher market capitalization are generally more stable and less prone to manipulation. Another factor to consider is the trading volume of the coins. Higher trading volume indicates more active trading and better liquidity. Additionally, pay attention to the project behind the coin and its team. Look for coins with strong fundamentals and a clear roadmap for future development. Lastly, consider the technical analysis of the coins, such as chart patterns and indicators. This can help you identify potential entry and exit points for your trades.
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